Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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January 29, 2008

Tousa, Inc. files for Bankruptcy

Tousa, Inc. and 37 related entities filed for chapter 11 protection this morning at the United States Bankruptcy Court for the Southern District of Florida.  The Hollywood, FL homebuilder listed almost $2.3 billion in assets and more than $1.7 billion in liabilities.  Additionally, the petition lists Wilmington Trust Company and HSBC Bank, USA as the largest unsecured creditors.

According to the debtor's filing, there are over 59 million shares of common stock outstanding.

Click here to download the petition, including the unsecured list and other available documents.  Need further information?  Call the Library at 207-775-6800!

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